Market Walk
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Sensex, Nifty log highest July-month return in 23 years; what’s next?
As bulls made a smart comeback on Dalal Street, the benchmark equity indices BSE Sensex and NSE Nifty managed to register their highest return for July month in 23 years. The 30-share index Sensex climbed 8.58%, or 4,551.31 points to 57,570.25 on July 29 from 53,018.94 on June 30, 2022. Likewise, the 50-share index NSE Nifty gained 8.73% to 17,158.25…
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Wall St: Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon
The Nasdaq and S&P 500 indexes rose on Friday, as positive forecasts from Apple and Amazon pointed to resilience in mega-cap companies to survive an economic downturn, with hopes of a less aggressive monetary policy boosting sentiment. Apple Inc shares rose 3.4% after the iPhone maker said parts shortages are easing and that demand for iPhones is unceasing despite consumers…
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SBI LIFE SHARE PRICE RALLIES AFTER Q1 RESULTS
SBI Life Q1 Results: Profit up 18% year-over-year to Rs 263 crore, which is in line with expectations The private sector insurer SBI Life’s net profit increased by 18 percent year-on-year (YoY) to Rs 263 crore in the first quarter of 2022-23 (FY23), which was aided by a healthy jump in gross written premium. This growth occurred during the April–June…
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Tata Power to expand its renewable energy store
Tata Power will add 2.5 GW of renewable energy capacity per year and will divest non-core assets: CEO Praveer Sinha ( CEO and MD, Tata Power Company)anticipates that the price of coal will stay high globally for at least the next two years, but he anticipates some relief on the domestic front as Coal India and other producers increase their…
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Stocks in news: Vedanta, SBI Cards, Tata Motors, Bajaj Finance and more
Benchmark indices snapped two sessions of a losing streak on Wednesday, led by a rally in banking, capital goods, and pharma stocks. The Sensex ended 547.83 points higher at 55,816 and the Nifty gained 158 points to 16,641. The market cap of BSE-listed firms rose to Rs 259.71 lakh crore in the previous session. Sun Pharma, SBI, L&T, TCS, and…
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SpiceJet shares tank 9% after DGCA imposes restrictions on flight operations
SpiceJet share price fell over 9% today after the Directorate General of Civil Aviation (DGCA) directed the airline to restrict flight departures to 50 per cent for the next eight weeks following a number of technical snags. SpiceJet share price fell 9.66 per cent to Rs 34.6 compared to the previous close of Rs 38.30 on BSE. The small cap…
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Bajaj Finance shares zoom 9% on record profit in Q1
Bajaj Finance shares climbed over 9 % today after the non-banking finance company’s profit more than doubled to Rs 2,596 crore for the quarter ended June 2022, against a net profit of Rs 1,002 crore in the year-ago period. Bajaj Finance stock touched an intraday high of Rs 6,995, rising 9.40% on BSE. Bajaj Finance stock is trading higher than…
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Wall St rises on Microsoft, Alphabet earnings as Fed decision looms
The tech-heavy Nasdaq led Wall Street’s main indexes higher with gains of more than 2% on Wednesday as upbeat quarterly reports from Microsoft and Alphabet lifted sentiment ahead of a key U.S. interest rate decision later in the day. Investors were on edge after a profit warning from top U.S. retailer Walmart fueled fears of a wider slowdown in…
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All eyes on Fed meeting| Market Expecting 75 bps hike
Dalal Street reacts to the US Fed meeting Indian markets opened flat because investors were still being careful before today’s Fed meeting, where a decision could be made about raising interest rates. At 55,816, Sensex went up 0.99%, or 547.83 points, and Nifty 50 went up 0.96%, or 157.95 points, to 16,641.80 Asia markets, on the other hand, sent downbeat…
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Stocks in news: Tata Motors, JSW Energy, Asian Paints, Tata Power and more
Indian market fell for the second straight session on Tuesday led by losses in IT and banking shares amid mixed global cues. Sensex closed 497 points lower at 55,268 and Nifty fell 147 points to 16,483. Infosys, Axis Bank, HUL, Dr Reddy’s, Wipro and Kotak Mahindra Bank were the top Sensex losers, falling up to 3.40 per cent. Bajaj Finserv,…
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